CF BANKSHARES INC., PARENT OF CFBANK, NA, ANNOUNCES 14% INCREASE IN ITS QUARTERLY CASH DIVIDEND AND ITS ADDITION TO RUSSELL 3000® INDEX
COLUMBUS, Ohio, July 1, 2025 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, NA, today announced that the Board of Directors of the Company declared an $0.08 per share quarterly cash dividend on its common stock and a corresponding $8.00 per share quarterly cash dividend on its Series D preferred stock. This represents a 14% increase over its previous quarterly dividend. The dividend is payable on July 21, 2025 to shareholders of record as of the close of business on July 11, 2025.
The Company also announced its addition as a member of the broad-market Russell 3000® Index, effective after the US market opened on June 30, as part of the 2025 Russell indexes reconstitution. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.
Timothy T. O'Dell, President and CEO, commented, "We are pleased to reward our shareholders with a 14% increase in our dividend, which enhances total shareholder returns. In addition, our Stock Ticker CFBK (Nasdaq), has begun trading as part of the Russell 3000 Index as of June 30th. Both our joining the Russell Index as well as the increase in the Dividend reflect upon the continuing growth and successes of our CFBank franchise."
About CF Bankshares Inc. and CFBank
CF Bankshares Inc. (the "Company") is a holding company that owns 100% of the stock of CFBank, National Association ("CFBank"). CFBank is a nationally chartered boutique Commercial bank operating primarily in Five (5) Major Metro Markets: Columbus, Cleveland, Cincinnati, and Akron Ohio, and Indianapolis, Indiana. The current Leadership Team and Board recapitalized the Company and CFBank in 2012 during the financial crisis, repositioning CFBank as a full-service Commercial Bank model. Since the 2012 recapitalization, CFBank has achieved a CAGR in excess of 20%.
CFBank focuses on serving the financial needs of closely held businesses and entrepreneurs, by providing a comprehensive Commercial, Retail, and Mortgage Lending services presence. In all regional markets, CFBank provides commercial loans and equipment leases, commercial and residential real estate loans and treasury management depository services, residential mortgage lending, and full-service commercial and retail banking services and products. CFBank is differentiated by our penchant for individualized service coupled with direct customer access to decision-makers, and ease of doing business. CFBank matches the sophistication of much larger banks, without the bureaucracy.
Additional information about the Company and CFBank is available at www.CF.Bank
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SOURCE CF BANKSHARES INC.
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